After a higher timeframe demand failed, price fell with huge momentum and thus leaving behind a huge imbalance. It quickly lost bearish momentum and and gained bullish momentum instead, breaking structure to the upside which could be a first sign of a retracement up before the expansion down. Price has formed liquidity to take above an establish demand zone it...
The 1.75091 resistance level on GBPAUD has been a solid zone so far, as it has withheld series of price spikes and test but I see a break of the zone this coming week after price closed within the zone last Friday. We look for buy opportunities around the zone for an 100pips buy up to 1.76000. Trade safely guys!
Dollar showing signs of weakness, so aud should benefit the most and price to continue its bearish descent towards the 0.62 level
GBPAUD price made a very strong move during the RBA and invalidated the previous pattern. Now we are in the situation that the price completed butterfly pattern H4 and analysts watch again for another selling opportunity. Any price move above the peak at 1.9154 would open the doors for more increases in the price. Supports to watch: 1.9000 1.8908 1.87880 Risk...
GBPAUD after market closed came to 1.8600 watch zone. Look for selling opportunity to sell towards Zone 2. Wait for price movement on 1.8600 watch zone.
Wait and watch correction and Buy. Thankyou
After analysis i can say we will haveve much more bigger DOWN trend. GBP is keep self high all this week, but today is start to losing power. AUD is gain more power this week from trade talks on USA and CHN, and they are have rate cut ago 3 days wich is give him more power. TP1: 1.79490 ENTRY: 1.79690+- SL: 1.80100 Chart time frame - 1D Time for reaching TP - 8 -...
Price has broken below a short term uptrend with a sharp impulsive move, and since then it's been in a correction having already form waves XABC of a bearish gartley pattern. In case we see price heading up we should have the completion of the pattern which definately i am going to trade with sl above X point and tp the upper quartile and the median line of the set.
GBPAUD Long -Great Risk to Reward here -Strong down trend here -ABCD Structure posible in play -FIB levels act as great targets -Only entering this at the break and close on the 1h timeframe of the blue trend line -Watching the MAs for the blue to move to the upside -Key weekly support level of 1.9400 and psychological level is important if this holds, another...
Simple analysis. Please leave a comment or thumbs up if you agree. Discussion encouraged even if you hate the idea ! We bought the dip after AUD data. Technicals on the chart. Fundamentals for tradesetup: Nothing has changed for AUD. Rate cut still on the table. GBP data is improving. Clearly BOE is becoming less dovish. RBA still wants AUD down and they...